Bio-based polymers are materials produced from renewable resources such as starch, cellulose, fatty acids, and organic waste through the bacterial fermentation process. They are majorly used in construction application due to the increase in demand for non-fossil fuel based polymers.

Market Dynamics:

Growing construction industry coupled with growing environmental concerns across the globe is expected to boost consumption of bio-based construction polymers. Moreover, it reduces the dependency on fossil fuels and helps in lowering carbon dioxide footprint. Furthermore, favorable government initiatives towards consumption of bio-based polymers are expected to drive revenue growth of target market over the forecast period.

However, the high cost of bio-based construction polymers is expected to restrain revenue growth of the bio-based construction polymers market over the forecast period.

Product Insights:

On the basis of product, the polyurethane segment is expected to account for major revenue share in the global target market. Rising demand for polyurethane for insulation in the building and construction industry is expected to support revenue growth of this segment.

Application Insights:

Among application, the pipes segment is expected to account major revenue share in the global market and is expected to maintain its dominance over the forecast period. Rising demand for bio-based construction polymers for pipes fitting and insulation owing to growing construction industry is major factor expected to drive revenue growth of this segment over the forecast period.

Regional Insights:

Asia Pacific market is expected to account major revenue share in the global bio-based construction polymers market and is expected to maintain its dominance over the forecast period. Increasing number of construction activities in the countries such as China, India, and Indonesia in the region is expected drive revenue growth of Asia Pacific bio-based construction polymers market over the forecast period. Moreover, rising demand for paints in the region owing to the growing construction industry is expected to support revenue growth of bio-based construction polymers market in the region. The Asia Pacific accounts for the major revenue share of the global bio-based construction polymers market, followed by markets in North America, Europe, Latin America, and the Middle East & Africa respectively. Europe bio-based construction polymers market is expected to grow at a moderate rate over the forecast period, owing to less number of infrastructural activities in the region.

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